Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley reiterates Home Depot as overweight The firm says it’s bullish ahead of earnings next week. “HD is a high-quality macro/housing play with more limited downside risk in the near-term.” Bank of America initiates Ceribell as buy The firm says the neurological condition monitoring company has an impressive AI algorithm. “We are initiating coverage on Ceribell (CBLL) with a Buy rating and a $32 PO.” Morgan Stanley reiterates Live Nation as overweight Morgan Stanley raised its price target on the stock to $140 per share from $120. “OW LYV remains our preferred exposure to strong consumer demand for live events and concerts.” Morgan Stanley reiterates Eli Lilly as a top pick The firm says it’s sticking with Eli Lilly following the Obesity Week conference in San Antonio, “While the GLP-1 class continues to dominate much of the commercial/pipeline development, at the conference there was increasing discussion about the next wave of mechanisms, including amylin.” Morgan Stanley reiterates Boeing as equal weight The firm says it sees the stock reacting favorably following news of the labor resolution. “We expect Boeing’s stock to react positively to the labor resolution. We expect investor focus to shift toward execution, current regulatory constraints, and the supply chain following the stock’s reaction to the labor resolution.” Morgan Stanley upgrades Carvana to equal weight from underweight The firm raised its price target on the stock to $260 per share from $110 following earnings and says the Carvana bull case is starting to play out. “Our previous bull case scenario is playing out: Carvana’s results were strong enough to materially increase our forecasts, the multiple and our rating.” JPMorgan initiates Upstream Bio as overweight JPMorgan says the biotech company is well positioned. “We are initiating coverage of Upstream Bio with an Overweight rating and a Dec- 2025 price target of $38.” RBC reiterates Microsoft a outperform The firm says it’s more constructive on the stock after a visit to the company’s headquarters. “We maintain our Outperform rating and $500 PT on Microsoft , following our campus visit with executives at the company’s headquarters in Redmond, WA.” Bank of America reiterates Broadcom as buy The firm says it’s sticking by shares of Broadcom. ” Broadcom has an extensive semiconductor product portfolio, which addresses applications within the wired infrastructure, wireless communications, enterprise storage, and industrial end markets.” Bank of America reiterates Apple as buy Bank of America says it sees “limited” impact to Apple earnings regardless of the Presidential outcome. “We see a higher likelihood of new import tariffs if the Republicans control Congress and the Presidency. Either way, we would expect limited impact on Apple’s earnings.” Bank of America reiterates Palantir as buy The firm says Palantir is an AI “juggernaut” following earnings on Monday. “We continue to view the adoption of PLTR’s AI-enabled products and reach in its early days, as more companies realize the time, resource, and cost savings possible. In our view, Palantir’s moat as the differentiated agnostic AI-enabler is only growing with each new use-case carrying compounding unit economics.” Bank of America reiterates Arista Networks as buy Bank of America says it sees share gains ahead for the networking equipment company. “We raise our Arista PO to $455 from $380, still based on a 42.5x forward P/E multiple on the back of Meta and Microsoft’s strong capex commentary, reflecting the company’s growing opportunity in AI Ethernet networking buildouts.” Morgan Stanley upgrades Disc Medicine to overweight from equal weight The firm says it’s upgrading Disc after the biotech company got a series of regulatory updates on its Schizophrenia drug, Bitopertin. “Bitopertin regulatory update restores our confidence in potential approval, with upside surprise of a likely faster timeline.” Bernstein initiates Eaton as outperform Bernstein said in its initiation of Eaton that the electric company is a beneficiary of growing electric demand in the years ahead. “Electricity demand is entering an era of secular growth, the world is changing the way energy flows, and the infrastructure build-out to support these megatrends is in its early stages.” Deutsche Bank downgrades Marqeta to sector weight from overweight Deutsche says there’s too much regulatory uncertainty surrounding the card issuing platform. “Due to the regulatory overhang and client-specific headwinds facing MQ, we are moving to the sideline downgrading the shares to Hold and setting a $4 TP as we expect the confusion and uncertainty around MQ’s core embedded finance market to linger.” Bernstein upgrades eBay to outperform from market perform Bernstein said it sees an attractive entry point for the online e-commerce site. “We are upgrading EBAY from Market-Perform to Outperform, maintaining our PT of $70. We couldn’t justify an upgrade when the stock was in the mid-to-high $60/share range, but we believe the recent pullback offers a better entry point.” Jefferies initiates Alarm.com as buy Jefferies says the home security company has a “quality business.” “ALRM has a durable growth profile and solid profitability.” Barclays initiates Celestica as overweight Barclays says the electronics manufacturing company is “uniquely” positioned. “We are initiating coverage of Celestica with an OW rating and $91 price target.” Telsey downgrades Dollar Tree to market perform from outperform Telsey says it’s concerned about management changes. “Downgrading DLTR to Market Perform Rating from Outperform: The departure of CEO Rick Dreiling reduces our confidence in the story and limits our visibility on the strategy and execution ahead.” Truist upgrades MasTec to buy from hold The firm says it’s bullish on the infrastructure construction company. “While MTZ has been one of the best performers among our coverage year to date, we still believe there is a significant opportunity for the stock to re-rate as the top line and margin performance improves for the company’s Power Delivery, Clean Energy & Infrastructure, and Communications segments.” Bank of America upgrades MDU Resources to buy from neutral The firm says growth is underappreciated at the construction company. “We upgrade MDU Resources (MDU) to Buy from Neutral. After the spin-off of the company’s construction services business, which was completed on November 1, MDU shares traded down 4%. We now see an attractive opportunity, as shares now trade -10% below the value implied by our sum-of-the-parts valuation of the remaining portfolio.” Morgan Stanley reinstates Krispy Kreme as equal weight Morgan Stanley says Krispy Kreme has a balanced risk/reward right now. “MCD partnership an interesting catalyst to support expansion strategy. But not entirely unappreciated, in our view, and flow through to key metrics will take time to show.” Bank of America upgrades Idacorp to buy from neutral The firm says it sees “outsized growth” for the electricity holding company. “We upgrade IDA to Buy from Neutral. We apply the latest peer multiple of 15.5x vs 16.2x prior, to our refreshed FY26 estimate, increasing our PO 4% to $117 from $113. We see upside to the already outsized current growth forecast driven by large load growth forecasts and potential upside to generation/transmission spend at an attractive valuation.”
